Intel Corporation $INTC Stock: First Citizens Bank & Trust Co. Raises Holdings

Posted by George Bondi on Oct 14th, 2026

First Citizens Bank & Trust Co. grew its holdings in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 290.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 183,098 shares of the chip maker’s stock after purchasing an additional 136,202 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Intel were worth $22,014,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Primecap Management Co. CA purchased a new stake in shares of Intel in the second quarter valued at $10,507,291,000. Legal & General Group Plc acquired a new position in Intel in the second quarter valued at $4,096,110,000. Canada Pension Plan Investment Board purchased a new position in Intel during the second quarter worth about $1,848,438,000. Bank of America Corp DE lifted its position in Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after buying an additional 8,342,514 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Intel by 45.5% during the second quarter. Assenagon Asset Management S.A. now owns 16,151,467 shares of the chip maker’s stock worth $2,255,229,000 after buying an additional 5,053,424 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on INTC shares. Royal Bank Of Canada assumed coverage on Intel in a research note on Tuesday, September 8th. They issued an “outperform” rating on the stock. Barclays raised shares of Intel from a “hold” rating to an “overweight” rating in a research note on Wednesday, September 16th. New Street Research increased their price objective on shares of Intel from $100.00 to $122.00 in a report on Friday, June 26th. Mizuho increased their price objective on shares of Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, October 6th. Finally, Truist Financial raised their target price on shares of Intel from $81.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.06.

View Our Latest Stock Report on Intel

Intel Price Performance

INTC stock opened at $102.81 on Wednesday. The company has a market cap of $518.57 billion, a PE ratio of -48.72, a price-to-earnings-growth ratio of 10.81 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $103.44 and a two-hundred day moving average price of $100.64. Intel Corporation has a 12-month low of $32.89 and a 12-month high of $142.35.

Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The company had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period last year, the business posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, research analysts predict that Intel Corporation will post 1.04 EPS for the current year.

Insider Activity

In other news, CEO Lip Bu Tan bought 105,263 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.05% of the company’s stock.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

Positive Sentiment: AI demand remains robust: ASML said demand for AI-related semiconductors is likely to exceed supply for at least two more years, specifically citing strong demand from customers including Intel. This supports the long-term outlook for Intel’s data-center and manufacturing businesses. AI demand to exceed supply for 2 more years, says ASML
Positive Sentiment: New AI hardware strengthens the turnaround narrative: Intel’s Crescent Island GPU is designed for inference workloads, with up to 480 GB of memory and a 350-watt, air-cooled form factor that can fit into existing data-center infrastructure. Its open software strategy and new Xeon systems could help Intel compete for cost-conscious enterprise AI deployments. Crescent Island: Intel Anchors the AI Edge
Positive Sentiment: Analysts raised earnings expectations: Erste Group increased its Intel EPS forecasts to $1.08 for fiscal 2026 and $1.56 for fiscal 2027, above the current-year consensus estimate of $1.04. Erste Group raises Intel earnings estimates
Neutral Sentiment: Upcoming earnings are the next major test: Investors will focus on whether improving chip supply is translating into stronger fourth-quarter growth and whether Intel can attract major external foundry customers. The report is expected later this month. INTC Stock: What to Watch Before Earnings
Negative Sentiment: Execution and valuation concerns limit gains: Intel’s foundry revenue reportedly grew 31%, but the division still posted an operating loss of roughly $2.1 billion. The stock has also pulled back from its September peak while trading at a high forward valuation, leaving little room for disappointment.
Negative Sentiment: Capital concerns continue to weigh on semiconductors: Intel’s CEO warned that financing constraints and uncertain returns on AI infrastructure spending could become a larger bottleneck than chip shortages. A broader semiconductor sell-off and profit-taking have added pressure to INTC. Broadcom and Intel CEOs flag capital crunch

Intel Company Profile

(Free Report)

Intel Corporation (NASDAQ: INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.